Capital markets platform Clear Street Group files for an estimated $1 billion IPO
February 19, 2026 News
Capital markets platform Clear Street officially withdraws $351 million IPO
Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, withdrew its plans for an initial public offering on Thursday.
It had filed to raise $351 million by offering 13 million shares at a price range of $26 to $28, after slashing its deal size by 65% a week ago. At the midpoint of the proposed range, it would have been valued at $8.2 billion. The company postponed its IPO last Friday, citing market conditions, and added that it intended to reconsider an IPO at a later time.
February 12, 2026 News
Capital markets platform Clear Street Group slashes proposed deal size by 65% ahead of pricing
Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, slashes the proposed deal size for its upcoming IPO on Thursday.
The New York, NY-based company now plans to raise $351 million by offering 13.0 million shares at a price range of $26 to $28. It had previously filed to raise $1.0 billion by offering 23.8 million shares at a range of $40 to $44. At the midpoint of the revised range, Clear Street Group will raise 65% less in proceeds than previously anticipated.
Cornerstone investor BlackRock has still indicated an interest in purchasing $200 million worth of shares on the IPO, now 57% of the deal.
February 4, 2026 News
Capital markets platform Clear Street Group sets terms for $1.0 billion US IPO
Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, announced terms for its IPO on Wednesday.
The New York, NY-based company plans to raise $1.0 billion by offering 23.8 million shares at a price range of $40 to $44. At the midpoint of the proposed range, Clear Street Group would command a fully diluted market value of $13.3 billion.
Cornerstone investor BlackRock indicated an interest in purchasing $200 million worth of shares on the IPO, or 20% of the deal.
IPO Overview
Clear Street Group, a cloud-native provider of brokerage, clearing, and other capital markets services, filed on Tuesday with the SEC to raise what we estimate could be up to $1.0 billion in an initial public offering.
The company offers a single, cloud-native, end-to-end capital markets platform powered by a single real-time ledger. Clear Street states that its platform offers trading, risk management, and financing services. The company connects its infrastructure to banks, clearing houses, depositories, brokers, and exchanges. Clear Street generates revenue primarily through net financing revenue generated from customer margin debit, credit, and short balances, as well as through commissions, clearing fees, service fees, investment banking income, and client pass-through fees.
The New York, NY-based company was founded in 2018 and plans to list on the Nasdaq under the symbol CSIG. Goldman Sachs, BofA Securities, Morgan Stanley, UBS Investment Bank, and Clear Street are the joint bookrunners on the deal. No pricing terms were disclosed.
About the Company
We give our clients the technology, tools, and service once reserved for the largest institutions, rebuilt with modern infrastructure. Our single, cloud-native, end-to-end capital markets platform powers investor growth today and is transforming how they can interact with markets tomorrow. Clear Street is a financial infrastructure technology company that has built what we believe is the first cloud-native, end-to-end capital markets platform powered by a single real-time ledger. Our platform supports our clients’ capital markets activity by unifying trading, risk management, and financing on a single platform. As a result, our system provides clients efficient market access plus accurate and real-time visibility into their positions and risk. We operate within the financial services ecosystem enabling sophisticated investors to access the global market on a growing set of asset classes, financial instruments and markets. We connect our infrastructure to banks, clearing houses, depositories, brokers and exchanges to facilitate client activity. Our infrastructure underpins every client interaction and allows us to expand functionality without rebuilding or duplicating systems. Our cloud-native platform enables clients to trade, manage risk, and finance activity across asset classes, financial instruments and geographies through a modular, connected suite of proprietary applications.